Objective
This innovation project aims to introduce IMERSO: a revolutionary Virtual Reality (VR) system for the enterprise market. VR technology has been used for decades by large firms with well-documented economic benefits, but the required equipment remains too expensive and cumbersome for millions of SME’s and Public Actors.
Our unique concept disrupts the established high-price VR market by democratising this technology to organisations of any size. IMERSO enables its customers to drastically reduce product development costs and increase sales through better customer engagement. This project will modernise the multimedia aspects of product design and prototyping, customer engagement, and workforce training. Likewise, it addresses Europe’s objectives of modernising education and training systems, along with boosting industrial competitiveness.
The global VR Head-Mounted Display (HMD) market is estimated to grow rapidly to €11,7 billion by 2020, with a CAGR of 74% from 2015 - 2020. In Europe alone a potential customer base of 22 million SME’s can benefit from using IMERSO in their work processes. Initial customer contacts have increased the team’s confidence in the value-proposition of this innovative solution. This Phase-1 study will minimise technical and market acceptance risks by involving customers early in the system design phase and assure a user-driven development process. ODI’s support of this project enables filling a market gap that strengthens Europe’s position on this powerful emerging technology — a market sharply divided between established vendors catering to high-end customers and upcoming consumer VR Gaming devices.
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
- social sciences economics and business business and management entrepreneurship
- social sciences economics and business business and management business models
- social sciences economics and business business and management employment
- natural sciences mathematics
- natural sciences computer and information sciences software software applications virtual reality
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Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
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H2020-EU.2.1.1. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies - Information and Communication Technologies (ICT)
MAIN PROGRAMME
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H2020-EU.2.3.1. - Mainstreaming SME support, especially through a dedicated instrument
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Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
SME-1 - SME instrument phase 1
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Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) H2020-SMEInst-2014-2015
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Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.
0171 OSLO
Norway
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.